As tuitions rise, the need for student loans is increasing. Some view it as "good" debt because it can lead to a higher income. But in truth, student loans are considered to be a "toxic" type of loan because of the relentess compounding of interest by lenders. There is an estimated $730 billion in outstanding federal and private student-loan debt, and only 40 percent of that debt is actually being repaid. How exactly are people supposed to repay the debt if they can't find jobs or are getting downsized out of them? We won't mention the ridiculous amounts of interest charged. We thought loan sharks were illegal, but obviously not when it comes to students.